Archive · 25 Nov 2025
Odisha Aims for $500B Economy by 2036
Odisha's Chief Minister, Mohan Charan Majhi, said that the state needs to grow its economy five times in the next 10-11 years to reach a $500 billion economy by 2036.
Currently, Odisha's economy is around $120 billion.
The government is focusing on infrastructure, industry, and skill development to achieve this goal.
They have already invested in projects worth Rs 2 lakh crore, which have created 1.64 lakh jobs.
Bhubaneswar is being developed as a tech hub with IT and semiconductor industries.
The state is also attracting investments in various sectors like green energy, petrochemicals, and shipbuilding.
The government is working with institutions like UCCIL to make Odisha one of the top five states in the country economically.
Odisha aims to grow its economy fivefold to reach $500 billion by 2036, from the current $120 billion.
The government is focusing on infrastructure, industry, and skill development, with investments in projects worth Rs 2 lakh crore.
Bhubaneswar is being developed as a tech hub with IT and semiconductor industries, and Fintech and Insurtech companies are being set up.
Major investments include Rs 80,000 crore in petrochemicals by Indian Oil Corporation and Rs 50,000 crore in shipbuilding.
The state is attracting investments in sectors like green energy, green hydrogen, textiles, chemicals, and petrochemicals.
- Who
- Chief Minister Mohan Charan Majhi, Odisha government, Utkal Chamber of Commerce & Industry Limited (UCCIL)
- What
- Odisha aims to achieve a $500 billion economy by 2036 through economic growth and investments
- When
- The goal is set for 2036, with a two-day conclave held recently
- Where
- Odisha, India, with a focus on Bhubaneswar and Cuttack-Bhubaneswar twin city
- Why
- To achieve significant economic growth and become a major industrial and IT hub in the eastern region
- Timeframe
- 2036
- Investment Projects
- Rs 2 lakh crore
- Employment Opportunities
- 1.64 lakh
- Key Sectors
- Infrastructure, Industry, Skill Development, IT, Semiconductors, Green Energy, Green Hydrogen, Textile, Chemicals, Petrochemicals
- Major Investments
- Indian Oil Corporation's Rs 80,000 crore petrochemical investment, Rs 50,000 crore in shipbuilding
- Conclave
- Samruddha Odisha 2036